One can expect tata steel to touch 450. which can act as support for further momentum.
The stock is showing continuous divergence in hourly chart and yesterday Price bar was a key reversal bar so one can short the stock for a target of 460 - 455 and evaluate the trade at that level to continue with trailing stop loss or to take profit.
Tata Steel trading in uptrend in a channel respecting support and resistance, it is approaching short term support after touching the resistance. we may short with a target of 440 in near term.
TATASTEEL has tested resistance. Divergence in RSI Both stochastic's in overbought zone, and are exhibiting divergence. Do you think this is a short? Let me know.
With reference to learning series of Action/Reaction one can observe how these forthcoming lines work.
Descending Channel is suggesting a short at this level.
It is been observed on the Daily chart that the price action trending up in a channel and now facing resistance on the upper trend line, indicating selling pressure. Now, it shall correct a bit from current levels before further moving up. TATASTEEL Target: 458 Stoploss: 468 SAIL Target: 58 Stoploss:60.50
BSE:TATASTEEL is in uptrend and you can see the channels and zones in this chart. Trade accordingly. Cheers !!
Head and shoulders type pattern on 15 min tata steel chart after nice bull rally buy above - 451.35 stoploss - 443 target - 474+
Tata Steel has formed bearish triangle on monthly chart it is reverse with bearish in side bar in top of supply line short this counter with sl of in side bar high 441.5 if pattern work target 205 enjoy long term tread
tata steel has formed double top on daily chart, also has broken long term trend line on daily chart short tata steel 392 target 364
Descending Triangle formation on Tatasteel. Trade: Short below - 410.50 Target - 405 Stop Loss - 415 Reward Points - 5.5 Risk Points - 4.5
Tata Steel has been trading in up trend and has been looking strong enough to go further upward it closed today with strong bullish signs, traders may enter long on tata steel up the channel resistance somewhere between 455-460 in near term. it is advisable to enter long at 50% of todays move around 432-433.
TataSteel is giving long breakout, above 389.60 it can go to the level 394/397 if do not break 385.50 on the downside.
Tata Steel has been trading in bullish channel respecting support and resistance aalthough there have been small false break but it continued in the same direction, it has already touched its channel support and there is still a buying opportunity, Risky traders may enter long at CMP with a target between 440-450.conservative traders my wait as if market open in...
Stock is showing nice frequencies around PF. Short is possible at current price on sliding handle with stop loss of 419 and target of 394.
TATASTEEL has formed a strong raising wedge.Took resistanc at previous pivot 407
TATA STEEL was looking good till mistry's mytery. Now that all the TATA stocks are dragging and weak markets before US elections and very Crude Oil, markets may not witness any rallies. Using this TATA group may be chosen as scapegoat. 379 is the trend support.below which we can see 350 levels.Bounce from the support zone can be used as a buying opportunity only...